Private Equity
Ostara Nutrient Recovery Technologies Inc, a Vancouver-based provider of nutrient management solutions, has raised up to US$16.5 million in funding. Wheatsheaf Group Limited and VantagePoint Capital Partners were the lead investors.
3 min read · 07 October 2019
Seequent, which is backed by Accel-KKR, has acquired Calgary-based GEOSLOPE, a provider of geotechnical analysis software. No financial terms were disclosed. Based in Christchurch, New Zealand, Seequent is a provider of geoscience analysis, modelling and collaborative technologies.
3 min read · 07 October 2019
Canadian mid-market private equity firm Fulcrum Capital Partners has invested in Media Resources Inc, an Oakville, Ontario-based provider of outdoor and indoor LED displays, sign installation and maintenance, large format digital printing and 3D fabrication for the billboard, commercial sign, sports and media industries. No financial terms were disclosed. The deal, which will support the company's organic and acquisition-led growth, marks the tenth platform investment of Fulcrum Capital Partners V, which raised $344 million in 2015.
3 min read · 07 October 2019
Thomson Reuters has acquired London-based FC Business Intelligence, a B2B events company. No financial terms were disclosed. FCBI was backed by LDC, a private equity arm of Lloyds Banking Group. Based in Toronto, Thomson Reuters is a provider of business information services.
2 min read · 04 October 2019
Santa Monica, California-based Bird, a micromobility company, has secured US$50 million in funding. The investor was Caisse de dépôt et placement du Québec. One of Canada's top institutional fund managers, CDPQ has held C$326.7 billion in net assets, as of June 30, 2019.
2 min read · 04 October 2019
Cinven has agreed to acquire Tennessee-based National Seating & Mobility from Court Square Capital Partners. No financial terms were disclosed. NSM is a provider of complex rehabilitation, mobility and accessibility solutions in the U.S. and Canada. Founded in 1992, NSM has been owned by Court Square since 2016.
2 min read · 04 October 2019
Hub International Limited, a global insurance brokerage, has acquired Ottawa, Ontario-based ProCorp Financial, a boutique benefits and retirement consulting firm. No financial terms were disclosed. Hub is backed by Altas Partners and Hellman & Friedman.
2 min read · 04 October 2019
Relogix, an Ottawa-based workspace analytics platform and Internet-of-Things (IoT) sensor technology company, has closed its Series A financing, raising $4 million. The investors included BDC Capital’s Industrial, Clean and Energy Technology Venture Fund, Mistral Venture Partners and GroundBreak Ventures. Founded in 2010 by CEO Andrew Millar, Relogix provides its solutions to corporate real estate organizations.
2 min read · 03 October 2019
Metro Supply Chain Group, a Montréal-based provider of third-party logistics, has agreed to acquire Custom Delivery Solutions, a Calgary-based provider of white glove direct-to-home delivery. Terms weren't disclosed. Metro said the deal will expand its coverage of the Canadian last-mile home delivery market. Earlier this year, Metro secured growth capital from Caisse de dépôt et placement du Québec (CDPQ), adding to an investment made in 2018.
2 min read · 03 October 2019
PSP Investments, a Canadian pension fund, has agreed to acquire Webster Ltd, an Australian agribusiness company, for A$854 million, reported Reuters. PSP Investments currently holds a 19.1 percent stake in Webster. The deal is slated to close in early 2020, pending shareholder approval.
1 min read · 03 October 2019
